What Are The Benefits Of Getting A CPA Degree?

It’s a well-known fact that getting those three letters appended on your surname is an uphill battle. However, we still see thousands and thousands of hopefuls lining up to spend almost half a decade of their lives only to be allowed to take the Uniform CPA Examinations of the United States.

With more than half a million certified accountants across the country, there must be some reason why this number keeps on growing right? We’ve listed below some of the most common reasons we think getting certified as a public accountant is a sound investment for your future.

Recognition From People Around You

The board exam for public accounting is known to be one of the hardest certification exams among all professions. According to the American Institute of Certified Accountants, the average passing rate of CPA Exam takers rarely exceeds 50 percent, making it one of the hardest licenses to get.

Hence, people around you, who are knowledgeable about this, will most likely to give you respect for the amount of effort you have given. Furthermore, it will also be a testament to your mental prowess and intelligence. Not only that, everyone will recognize how you were able to achieve what most people will never achieve in their lives.

Steady And Good Source Of Income

Although we would want to stay as philosophical as possible by saying that “money can’t buy happiness,” it is also undeniable that money can give you more freedom to pursue your happiness.

The Bureau of Labor Statistics estimates that the annual salary of a certified accountant can range anywhere between $65,000-$70,000 a year. Furthermore, they found out that the demand for the job is expected to increase in the coming years, and we all know the saying “the higher the demand, the higher the price.”

Ability To Shift To Any Industry You May Want In The Future

The best thing about the training of accountants is that they are made to learn how various industries work. The reason behind this is that any company that wishes to grow will at some point need an accountant who can effectively manage their finances.

Hence, if you are already tired of the hard (albeit high-paying) job of a certified public accountant, you can always shift to any other financial industries out there. Moreover, you will only spend a lesser amount of time due to different principles between various fields.

Increase Your Chances Of Getting The Job You Want

People who have graduated any accounting course are already allowed to pursue their careers as accountants whether or not they pass the CPA licensure exam. However, most auditing accounting firms often prefer accountants who have this license.

Other than that, business owners are often more willing to entrust their business’s money to someone who can show a proof of their skills and competency. Thankfully, that is exactly what a CPA license is for.

Have Access To An In-Demand Industry

As was stated a while ago, the Bureau of Labor Statistics believes that the accounting industry will have a significant boost in the coming years. One probable reason for this is that the sense of entrepreneurship among the masses has been growing these past few years.

More and more millennials are now in love with the idea of having their own business. Thus, more businesses mean higher demand for financial controllers and handlers. Want to avoid experiencing unemployment? Well, being a CPA can make it easier to do just that.

Monitor and Control Your Own Finances

Many people need to hire tax accountants to make sure that they are legally compliant to the requirements of the Internal Revenue. But for accountants, doing so is something as easy as a walk in the park. Their years of preparing tax reports or cases have prepared them to apply these same principles to their personal lives.

Furthermore, their in-depth training on the principles and budgeting and financial management will make it easier to handle their expenses. It will also help them assess how they use their income, and how they can utilize it better.

Easier To Start Your Own Business

Having first-hand experience of handling businesses, most accountants are already equipped to start building their own companies. Not only that, they are well-informed on how to manage their income and expenses to increase the likelihood of their business succeeding.

Lastly, if you are anxious about leaving the profession that you grew up in, you can always start an accounting or auditing firm of your own.

Honestly, this article would become too long if I were to add in all the possible benefits of becoming a certified public accountant. Hence, the best way for you to know what the others are is for you to start pacing towards your dream of becoming a CPA!

SERVICES

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kyle T.

2016-12-20T20:33:43+00:00

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Edwin is a genuine expert. He gets the job done right, and he's well worth it.

Hayk S.

2016-12-20T20:29:38+00:00

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Edwin makes me feel confident about my finances. He goes above and beyond to ensure I actually understand what is going on and why. His wealth of knowledge makes him a great CPA.

Lindsay Fournier

2016-12-14T18:37:31+00:00

Lindsay Fournier

Edwin makes me feel confident about my finances. He goes above and beyond to ensure I actually understand what is going on and why. His wealth of knowledge makes him a great CPA.

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I highly recommend Edwin; working with him took all the stress out of doing my taxes. I'm actually looking forward to next tax time. He's very helpful and responsive, he provides great explanations, and he works well with procrastinators.

Julia Johnson

2016-12-14T18:37:50+00:00

Julia Johnson

I highly recommend Edwin; working with him took all the stress out of doing my taxes. I'm actually looking forward to next tax time. He's very helpful and responsive, he provides great explanations, and he works well with procrastinators.

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Edwin is always informative and responsive. He is always available to answer my questions as well as giving excellent advice Looking forward to working with him again.

Holly Furen

2016-12-14T18:38:19+00:00

Holly Furen

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At all times, Edwin has been professional, approachable, and incredibly talented at what he does. We are incredibly pleased with the work of Aldaris CPA Group and we highly recommend that you and your family consider this team for your CPA needs.

Dion W.

2016-12-20T20:30:31+00:00

Dion W.

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Anna W.

2016-12-20T20:31:06+00:00

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Aldaris CPA Group maintains outstanding service and talent. We are incredibly pleased with the work of Aldaris CPA Group and we highly recommend that you and your family consider this team for your CPA needs.

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I can't say enough good things about Edwin and the Aldaris Group. He is much more than just an accountant. He is what a real accountant should be. Someone who helps you strategically manage your wealth to minimize taxes, risk exposure, while maximizing your wealth creation. He is extremely knowledgeable and creative in his solutions.

Chris L.

2016-12-20T20:32:43+00:00

Chris L.

I can't say enough good things about Edwin and the Aldaris Group. He is much more than just an accountant. He is what a real accountant should be. Someone who helps you strategically manage your wealth to minimize taxes, risk exposure, while maximizing your wealth creation. He is extremely knowledgeable and creative in his solutions.

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Aldaris CPA Group has been hired to provide our company with an interim CFO. Edwin, our interim CFO, has given me more insight and pertinent information that I can now clearly see how the finance department is the very heart of any company. Overall it has been a great experience and I would highly recommend the group.

Carlette K.

2016-12-20T20:33:04+00:00

Carlette K.

Aldaris CPA Group has been hired to provide our company with an interim CFO. Edwin, our interim CFO, has given me more insight and pertinent information that I can now clearly see how the finance department is the very heart of any company. Overall it has been a great experience and I would highly recommend the group.

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Edwin came a few months ago and has been a picture of professionalism. His vast knowledge base has helped our office streamline our systems and in no time at all he has made a huge difference in our office. It has been a pleasure watching him do what he does best and I would recommend his work to anyone in need of their services!

Taua T.

2016-12-20T20:33:22+00:00

Taua T.

Edwin came a few months ago and has been a picture of professionalism. His vast knowledge base has helped our office streamline our systems and in no time at all he has made a huge difference in our office. It has been a pleasure watching him do what he does best and I would recommend his work to anyone in need of their services!